Quiz

Claims made coverage

Occurrence coverage

General liability insurance

Excess and umbrella liability policies (correct)

Duty to defend is a provision where the insurer has the right and duty to defend lawsuits against the insured, while indemnity coverage means the insured must pay (correct)

Duty to defend is a provision where the insurer has the right to deny coverage, while indemnity coverage means the insured must pay

Duty to defend provides primary coverage, while indemnity coverage does not

Duty to defend is a type of liability coverage, while indemnity coverage is a type of property coverage

To provide coverage for false, groundless or fraudulent lawsuits

To provide primary coverage for businesses

To provide catastrophic loss protection when underlying insurance is adequate

To provide coverage when underlying insurance is inadequate or lacking (correct)

<p>Excess and umbrella liability policies and general liability insurance</p> Signup and view all the answers

<p>They are important concepts related to excess and umbrella liability policies</p> Signup and view all the answers